Mammoth Q3 revenue jumps 95% to $21.3M, raises 2026 outlook
OKLAHOMA CITY – October 30, 2026 -- Mammoth Energy Services (NASDAQ: TUSK) reported third-quarter 2026 revenue from continuing operations of $21.3 million, up 95% from $10.9 million a year earlier, and raised its full-year outlook for the third time this year.
Net income from continuing operations was $0.3 million, or $0.01 per diluted share. That compares with a loss of $12.6 million in the third quarter of 2025 and a loss of $1.2 million in the second quarter of 2026. Adjusted EBITDA reached $5.8 million, against negative $4.8 million a year ago and $2.6 million in the second quarter. The Adjusted EBITDA margin was 27.2%, up from 10.0% in the second quarter and 15.0% for the first nine months. Revenue fell from $26.1 million in the second quarter.